GoDaddy Inc. (GDDY) Shares Bought by AHL Partners LLP
AHL Partners LLP boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,253 shares of the technology company’s stock after buying an additional 31,133 shares during the quarter. AHL Partners LLP owned approximately 0.12% of GoDaddy worth $4,846,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in GDDY. FMR LLC lifted its position in GoDaddy by 40.9% in the 2nd quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock worth $459,800,000 after buying an additional 3,148,349 shares in the last quarter. Vanguard Group Inc. lifted its position in GoDaddy by 26.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after buying an additional 1,598,137 shares in the last quarter. Marshall Wace North America L.P. lifted its position in GoDaddy by 280.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock worth $89,635,000 after buying an additional 1,573,572 shares in the last quarter. Ameriprise Financial Inc. lifted its position in GoDaddy by 273.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock worth $52,668,000 after buying an additional 908,685 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in GoDaddy in the 2nd quarter worth approximately $33,449,000. Institutional investors own 77.95% of the company’s stock.
In other GoDaddy news, CEO Blake Irving sold 37,500 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.23, for a total transaction of $1,583,625.00. Following the sale, the chief executive officer now directly owns 40,606 shares of the company’s stock, valued at $1,714,791.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Parsons sold 5,817,338 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $43.71, for a total transaction of $254,275,843.98. The disclosure for this sale can be found here. Insiders have sold 12,341,448 shares of company stock worth $538,948,902 over the last ninety days. Insiders own 22.68% of the company’s stock.
GoDaddy Inc. (NYSE:GDDY) opened at 44.22 on Friday. The company has a 50-day moving average of $43.85 and a 200 day moving average of $43.85. The company has a market cap of $4.92 billion, a P/E ratio of 348.19 and a beta of 0.62. GoDaddy Inc. has a one year low of $31.63 and a one year high of $45.37.
GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The business had revenue of $557.80 million during the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. Equities research analysts predict that GoDaddy Inc. will post $0.30 EPS for the current year.
A number of equities research analysts have issued reports on the stock. William Blair assumed coverage on shares of GoDaddy in a research report on Thursday. They issued an “outperform” rating for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of GoDaddy in a research report on Wednesday, September 20th. BidaskClub upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of GoDaddy in a research report on Saturday, August 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.46.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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